ATHENS, GREECE--(Marketwire - January 31, 2011) - Danaos Corporation (NYSE: DAC), a leading international owner of containerships, announced that on January 26, it took delivery of one newly built containership, the Hanjin Algeciras, expanding its operational fleet to a total of 51 containerships aggregating 223,329 TEU.

The Hanjin Algeciras, built at Hanjin Heavy Industries & Construction Co. Ltd., has a carrying capacity of 3,400 TEU, is 222.5 meters long, 32.2 meters wide and has a speed of 23 knots. The Hanjin Algeciras has commenced its 10-year time charter at a fixed charter rate immediately upon delivery.

About Danaos Corporation

Danaos Corporation is an international owner of containerships, chartering its vessels to many of the world's largest liner companies. Our current fleet of 51 containerships aggregating 223,329 TEUs ranks Danaos among the largest containership charter owners in the world based on total TEU capacity. Danaos is one of the largest US listed containership companies based on fleet size. Furthermore, the company has a contracted fleet of 14 additional containerships aggregating 139,350 TEU with scheduled deliveries up to 2012. The company's shares trade on the New York Stock Exchange under the symbol "DAC."

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For further information please contact:

Company Contact:

Dimitri J. Andritsoyiannis
Chief Financial Officer
Danaos Corporation
Athens, Greece
Tel.: +30 210 419 6481

Iraklis Prokopakis
Chief Operating Officer
Danaos Corporation
Athens, Greece
Tel.: +30 210 419 6400

Investor Relations and Financial Media:

Nicolas Bornozis
Capital Link, Inc.
New York
Tel. 212-661-7566